Ethereum is a casino, $ETH is the chip.
Nobody stops at the cashier thinking "let me stock up on chips for next time."
And you definitely don't hold onto them when you know for sure the slot machines will cost fewer chips tomorrow.
1/ What’s behind Sanctum’s market-defying resilience?
@SolanaFloor covers our $INF V2 upgrade, mobile app launch, and vision to build the prime desk of Solana:
https://t.co/nPZNRZM6Wd
@BrianInCrypto@jinglingcookies Blockchains standalone can't solve this, but with a trusted centralized party and clearly defined terms & conditions I do think it can solve it (e.g. Polymarket)
And yes - most likely Jupiter is sponsoring, but you do need incentives to cold start a two-sided market like this
Some thoughts on Jupiter Poker by @JupiterExchange
- Great product, but it's just the beginning of the industry trying to tokenize human capital.
- We've got so many more things to tokenize the make the most out of on-chain settlement.
On the latest of Clarity Act
Moving forward, stablecoins can't offers passive yields to holders, but yields based on "bona fide" transactions are allowed, similar to how credit card companies work.
I see this as a major win for distribution channels like $COIN, $HOOD.
These channels can easily create a funding rate arb position (delta-neutral), have agents to help users automatically do some transactions that have low tx costs, or directing users to some DeFi protocols as workarounds.
So 10 years in finally here we are.